
The future in law and finance
Ook verkrijgbaar als
Finance is all about the future. The success of a capitalist economy rests upon the ability of finance to sustain potentially infinite growth, based on funding today the output of tomorrow. Finance, however, needs rules. The aim of the law and finance scholarship is precisely to identify the best regulation of finance to support economic growth. Traditionally, law and finance is concerned with investor protection. This would be sufficient if the future was predictable. However, because the future is in fact uncertain, the prices of financial assets are flawed and in the short run they may result in serious mistakes, if not widespread crises. Although these mistakes are corrected in the long run, a lot of harm may occur in the meantime. Drawing on the experience from the global financial crisis, in this lecture it is argued that financial law should be concerned not only with investor protection, but also with mitigating the temporary excesses of markets in allowing or restricting access to finance. The challenge of this goal is to remedy market malfunctioning without undermining market discipline. However imperfect, prices remain the best instrument of discipline and growth in a market economy. Several policy implications may be derived from this approach. This lecture focuses on the unique role of central banks in regulating liquidity and on how corporate governance can fill in the gaps of banking regulation in the face of uncertainty.
In het kort
ISBN-13
9789460948589
Uitgever
Verschenen
12 september 2013
Bibliografisch
ISBN-139789460948589
SerieErasmus Law Lectures — deel 32
Editie1
TaalEngels eng
Pagina’s35
GeïllustreerdJa
Uitgave
UitgeverKoninklijke Boom uitgevers PW
CB-relatie-id7500275
Verschenen12 september 2013
StatusOnbekend 00
Vorm & inhoud
ProductvormE-book ED
VormdetailE101 EPUB
SamenstellingLos product
EPUB-versie2
Beveiliging e-bookDigitaal watermerk 02
Classificatie
NUR (hoofd)Recht algemeen 820
NUR (alle)820 Recht algemeen
Medewerkers
Auteur A01Alessio Maria Pacces
Herkomst
Werk-id (NSTC)500186632
MeldingBevestigd bij publicatie 03
Bijgewerkt6 augustus 2026
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NSTC 500186632 · CB-relatie 7500275 · Bijgewerkt 6 augustus 2026